This replication package uses Dynare 6.5 and MATLAB R2024a.
The total runtime is approximately 10 minutes.

Execution order:

1-) Run loopmain_alpha_nonoise and main_gamma_nonoise to generate the Excel files used for comparison.

2-) Run loopmain_alpha to produce Figures 1b and 1d.

3-) Run main_gamma to produce Figures 1a and 1c.

4-) Run main_omega to generate Appendix Figure G1.